US inflation cools in April, easing market concerns over tariffs and Fed policy path

  • US consumer prices rose moderately in April, offering a dose of relief to investors and policymakers concerned about persistent inflation and the potential economic fallout from new tariffs. The Consumer Price Index (CPI) increased 0.2% month-over-month and 2.3% year-over-year in April, marking the lowest annual increase since February 2021.